Whether you’re a potential homebuyer, seller, or both, you probably want to know: will home
What is a HELOC?
A home equity line of credit is a type of second mortgage that allows homeowners to borrow money against the equity they have in their home and receive that money as a line of credit. Borrowers can use HELOC funds for a variety of purposes, including home improvements, education and the consolidation of high-interest credit card debt.
Is a HELOC Right for You?
If you are considering a HELOC, it is important to speak with one of our loan specialists to see if you qualify and to compare the benefits and drawbacks of this type of loan against other types of loans.
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Benefits of a HELOC?
Because the loans are secured against the value of your home, home equity loans offer extremely competitive interest rates.